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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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business
Logistics
WTO warns U.S.-China trade tensions could slash global trade by 80 percent, risking 7 percent GDP drop
The preliminary estimate came as Trump raised tariffs on China but paused others for 90 days
Economy
Egypt annual urban consumer price inflation rises to 13.6 percent in March
Country aims for $60 billion in foreign direct investment, $145 billion in exports
Banking & Finance
Business travel in MENA set to soar to $270.8 billion by 2030: Report
Business travel in the MENA region rose by 50 percent in Q1 2025 compared to Q1 2024
Miscellaneous
Microsoft surpasses Apple as most valuable company amid trade war concerns
On Tuesday, Apple shares fell to an 11-month low during aftermarket trading
Banking & Finance
UAE and Kazakhstan central banks forge cooperation for financial market regulation, development
Agreement aims to strengthen cooperation and information exchange in areas of mutual interest
Saudi Arabia
Saudi Arabia achieves top global ranking in empowering women in AI sector: Report
The Kingdom ranked third in AI job growth for 2024 and fourth in leading AI models
Economy
UAE strengthens trade with Congo, offers 99.5 percent tariff exemptions: Al Zeyoudi
Congo’s key sectors set to thrive under the new Comprehensive Economic Partnership Agreement
Banking & Finance
Egypt secures nine development agreements worth $290.2 million with France, EU
These deals will support priority projects in water treatment, sanitation, electricity, and rail transport sectors
Economy
UAE, Congo sign CEPA to elevate bilateral non-oil trade to $7.2 billion by 2032
Agreement will usher in a new era of collaboration in various economic sectors
Logistics
Canada implements 25 percent counter-tariffs on U.S. vehicles
Canada is the largest U.S. car export market, with 8 percent non-compliant vehicles estimated
Energy
Oil prices hit four-year low amid U.S. 104 percent tariffs on China
Trump signed an executive order raising tariffs on China by 50 percent, escalating tensions significantly
Economy
Stocks slide following U.S. 104 percent tariffs on China
Since Trump's tariff announcement, S&P 500 companies have lost $5.8 trillion in market value
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